2024 RT Amination Banner.gif

China Daily

News> Nation> Content
Tuesday, December 12, 2017, 23:15
China to build national cybersecurity industrial park
By Xinhua
Tuesday, December 12, 2017, 23:15 By Xinhua

This undated photo shows programmers at a skills competition in Wuhan, Hubei province, China. China’s Ministry of Industry and Information Technology and the Beijing Municipal government will jointly build a world-class national cybersecurity industrial park to cultivate a US$15 billion cybersecurity industry in Beijing by 2020. (SONG ZHENTAO / FOR CHINA DAILY)

BEIJING – China will establish a world-class national cybersecurity industrial park to cultivate a 100 billion yuan (US$15 billion) cybersecurity industry in Beijing by 2020.

The industrial park will be jointly built by the Ministry of Industry and Information Technology (MIIT) and the Beijing Municipal government.

READ MORE: China's cybersecurity market worth nearly US$7b, says report

The park is expected to contribute 330 billion yuan to China's gross domestic product growth and cultivate at least three enterprises with annual revenues exceeding 10 billion yuan by 2020.

Currently, half of China's cybersecurity companies are registered in Beijing, and six of them have over one billion yuan in annual revenue.

ALSO READ: China internet regulator: Cyber security law not a trade barrier

In 2016, the scale of China's cybersecurity industry saw an increase of 21.7 percent and it is expected to grow 32.85 percent this year.

Share this story

CHINA DAILY
HONG KONG NEWS
OPEN
Please click in the upper right corner to open it in your browser !